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BitMart -

Score

1.34 /10
Danger

BitMart

Canada

2-5 years

Suspicious Regulatory License

Global Business

High potential risk

https://www.bitmart.com/en-US

Influence

AAA

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.66

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

UK FCA
2024-09-06
Bitmart / https://www.bitmart.com
BitMart

Broker Information

More

Company Name

BitMart

Company Abbreviation

BitMart

Platform registered country and region

Canada

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2025-06-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Hello. I couldn’t find BITMAR,

Hello. I couldn’t find BITMAR, so I chose BITMART instead. I’ve been trading futures on the website https://marmetas.com and https://www.bitmarmeta.com since January 2, 2024. I requested funds to be withdrawn from the exchange on February 14, 2024, as I needed funds. The exchange said that there was a problem with the account due to money laundering and asked me to withdraw 466,305 USDT at once. In order to withdraw, I had to pay the tax of 6,333,265 Korean Won first. I paid the tax in full, but the exchange asked me to deposit 2,316,300 Korean Won, saying you have to pay first to be able to withdraw. I paid the deposit in full, but the exchange has not allowed me to withdraw until now (April 29, 2024) with all kinds of excuses.

FX3720991243
2024-04-29 20:15
BitMart · Company summary
BitMart Review Summary
Registered On2001-06-01
Registered Country/RegionNew Zealand
RegulationRevoked
Market Instruments1,700 cryptocurrencies, futures
Simulation Trading✅
Leverage/
Spread/
Trading PlatformBitMart (web and mobile)
Min Deposit/
Customer SupportTwitter, Telegram, Facebook, Instagram, YouTube, LinkedIn, TikTok, etc.

BitMart Information

BitMart is a cryptocurrency trading platform for global users, supporting over 1,700 cryptocurrencies and offering various trading types such as spot trading, margin trading, and futures. It also supports purchasing cryptocurrencies with fiat currency, allowing users to conveniently buy coins through third-party payment methods like Google Pay, Apple Pay, credit/debit cards, MoonPay, Banxa, and Simplex, with 7×24-hour support to respond to needs at any time.

BitMart

Pros and Cons

Pros Cons
Over 1,700 cryptocurrenciesUnregulated
Copy trading availableUnspecific fee information
Generous activity rewardsUnclear account information
50% trading fee discount (for VIPs)

Is BitMart Legit?

BitMart has operated in the cryptocurrency trading field for many years, but it is unregulated. It is recommended that traders prioritize brokers regulated by authoritative regulatory agencies.

unregulated
unregulated

What Can I Trade on BitMart?

On BitMart, traders can conduct various types of transactions. For spot trading, there are over 1,700 cryptocurrencies to choose from; futures trading supports more than 100 cryptocurrency pairs.

cryptocurrencies

BitMart Fees

At 00:00 UTC every day, the system will update users' transaction fee tiers, which will take effect two hours later. All traders can use BMX for deduction and enjoy a 25% discount.

fee

Leverage

In futures trading, BitMart offers leverage of up to 100x, making it suitable for investors with in-depth market knowledge and a high risk tolerance.

leverage

Trading Platform

The BitMart trading platform supports multi-terminal access, including web-based and mobile devices.

platform

Deposit and Withdrawal

Traders can purchase cryptocurrencies via credit/debit cards and third-party payment methods such as MoonPay, Banxa, Simplex, Visa, and Mastercard.

payment

Copy Trading

Copy trading is a key feature of BitMart. The system has a default 0.5% slippage protection mechanism. When market fluctuations cause the slippage to exceed this value, copy trading will be automatically paused, making it suitable for investors who lack trading experience or time.

Copy trading

Bonus

The platform offers various rewarding activities, and currently, there is an exclusive crypto buying contest for North American users. During the period from 00:00:00 UTC on May 23, 2025, to 23:59:59 UTC on May 29, 2025, the top 100 North American users who purchase cryptocurrencies with fiat currencies such as USD and CAD will share a prize pool of 3,000 USDT.

RankingTotal Reward (USDT)
Top 1288
2 - 10792
11 - 30870
31 - 1001,050
Reward

User Reviews

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User comment

1

Comments

Write a review

Daengurster
more than one year
Stay away from BitMart at all costs! Dealing with them is a recipe for disaster. They engage in trading practices that result in significant losses, and if you can't prove your losses are legitimate, they'll collateralize your assets with legal firms.
Stay away from BitMart at all costs! Dealing with them is a recipe for disaster. They engage in trading practices that result in significant losses, and if you can't prove your losses are legitimate, they'll collateralize your assets with legal firms.
Translate to English
2024-02-28 18:50
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